Ministry of Finance | Egypt Oil & Gas - Part 3

Egyptian Finance Ministry to Issue Letters of Guarantee for 30 Solar Firms

The Egyptian Ministry of Finance plans to issue letters of guarantee for 30 solar energy firms under the terms of phase II of the Feed-in-Tariff (FiT) program.

Egyptian Government to Prioritize Energy Rationalization in New FY Budget

Egypt's Official Publication of Preparations of 2018/2019 Fiscal Year (FY) budget has stated a number of reforms aiming at rationalizing energy subsidies and expenditure.

E&P Activities to be Exempted from VAT

The Egyptian Ministry of Finance is preparing a list of oil and gas exploration-and-production (E&P) activities to be exempted from the value-added tax (VAT).

El Jarhi: Cutting Fuel Subsidies to Aid Lower Income Groups

Egyptian Minister of Finance, Amr El-Jarhi, stated that fuel and electricity subsidies are flawed and assured that moving the prices will aid in rebalancing the system

MoF: No Increase in Fuel Prices until Next July

There will be no further increase in fuel prices during the fiscal year (FY) 2017/18, according to the Egyptian Minister of Finance.

Parliament Approves Guarantees for MIDOR and ASORC

The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund.

Egyptian Oil & Gas Taxes Estimated at EGP 44.17b

Egyptian oil and gas taxes were estimated to reach EGP 44.17b in the new budget of fiscal year 2017/2018.

Electricity Ministry Debts Hit EGP 90b

The Egyptian Ministry of Electricity and Renewable Energy's debts increased to EGP 90b

Egypt to Pay for Halted Fuel Cargoes

The Egyptian Ministry of Petroleum and Mineral Resources will receive $250m from the Ministry of Finance within January to pay dues of fuel providers to be able to import more fuel and release any cargo held in the E ...

Egypt Reviewed Fuel Subsidy Budget Allocations

The Egyptian Ministry of Petroleum and Mineral Resources is reviewing fuel subsidy allocations for fiscal year 2016/2017 to decide on the amount it will be requested to increase the budget allocation.

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